Australia and Oceania: Sewing Thread Market 2024

Sewing Thread Exports

Exports in Australia and Oceania

Sewing thread exports surged to X tons in 2022, rising by 26% compared with the previous year. In general, exports continue to indicate pronounced growth. The pace of growth appeared the most rapid in 2019 when exports increased by 389% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a lower figure.

In value terms, sewing thread exports rose sharply to $X in 2022. Overall, exports, however, showed a noticeable shrinkage. The growth pace was the most rapid in 2019 with an increase of 317%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Australia was the largest exporter of sewing thread of man-made filaments or staple fibers in Australia and Oceania, with the volume of exports accounting for X tons, which was near 65% of total exports in 2022. New Zealand (X tons) took the second position in the ranking, distantly followed by Fiji (X tons). All these countries together took approx. 35% share of total exports.

Australia experienced a relatively flat trend pattern with regard to volume of exports of sewing thread of man-made filaments or staple fibers. At the same time, Fiji (+74.4%) and New Zealand (+9.6%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +74.4% from 2012-2022. New Zealand (+13 p.p.) and Fiji (+6.7 p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by -19.3% from 2012 to 2022, respectively.

In value terms, Australia ($X) remains the largest sewing thread supplier in Australia and Oceania, comprising 70% of total exports. The second position in the ranking was taken by New Zealand ($X), with a 25% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Australia stood at -3.3%. The remaining exporting countries recorded the following average annual rates of exports growth: New Zealand (+1.6% per year) and Fiji (+82.4% per year).

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, shrinking by -10.4% against the previous year. In general, the export price recorded a deep slump. The pace of growth appeared the most rapid in 2015 an increase of 42%. Over the period under review, the export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Fiji (+4.6%), while the other leaders experienced a decline in the export price figures.

Sewing Thread Imports

Imports in Australia and Oceania

After two years of growth, supplies from abroad of sewing thread of man-made filaments or staple fibers decreased by -22% to X tons in 2022. Over the period under review, imports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2020 with an increase of 24%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, sewing thread imports reduced dramatically to $X in 2022. In general, imports continue to indicate a mild curtailment. The growth pace was the most rapid in 2021 with an increase of 19%. As a result, imports attained the peak of $X, and then contracted sharply in the following year.

Imports by Country

In 2022, Australia (X tons) represented the largest importer of sewing thread of man-made filaments or staple fibers, mixing up 62% of total imports. New Zealand (X tons) took the second position in the ranking, distantly followed by Papua New Guinea (X tons) and Fiji (X tons). All these countries together held near 34% share of total imports.

Imports into Australia decreased at an average annual rate of -4.1% from 2012 to 2022. At the same time, Papua New Guinea (+6.6%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +6.6% from 2012-2022. By contrast, New Zealand (-1.2%) and Fiji (-2.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Papua New Guinea and New Zealand increased by +5.2 and +2.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported sewing thread of man-made filaments or staple fibers in Australia and Oceania, comprising 70% of total imports. The second position in the ranking was taken by New Zealand ($X), with an 18% share of total imports. It was followed by Fiji, with a 5.9% share.

In Australia, sewing thread imports decreased by an average annual rate of -1.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: New Zealand (-0.7% per year) and Fiji (-3.9% per year).

Import Prices by Country

The import price in Australia and Oceania stood at $X per ton in 2022, with an increase of 4.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2017 an increase of 19% against the previous year. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+2.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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